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  4. E213 Engineering Cost Decisions

E213 Engineering Cost Decisions

This module introduces the basics of cost management and the various approaches towards the selection of equipment and materials for cost-effective operations. Students will be trained to make decisions on capital expenditure by performing evaluations of cash flows over the lifecycle of equipment, plant and machinery. The time value of money and maximisation of worth are the main considerations in the studies. Students will be able to grasp the effects of depreciation, tax, risk, and cost allocation in evaluating engineering projects.

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